Common use of Consolidated Tangible Net Worth Clause in Contracts

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances by the Consolidated Parties after June 30, 2017.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as of the last day of any fiscal quarter commencing with the Initial Compliance Datequarter, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances by the Consolidated Parties after June 30, 2017.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as of the last day of any fiscal quarter commencing with the Initial Compliance Datequarter, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 1,228,392,000 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances by the Consolidated Parties after June 30, 20172014.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of at the last day of any each fiscal quarter commencing with of the Initial Compliance Date, Borrower to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 302,019,600,000, 2017) plus (ii) seventy-five percent 25% of Consolidated Net Income during the period from January 1, 2021 to and including such last day of such fiscal quarter (75%if positive) and (iii) 25% of the aggregate Net Cash Proceeds of all Equity Issuances issuances by the Consolidated Parties after June 30Borrower of shares of its Capital Stock during the period from January 1, 20172021 to and including such last day of such fiscal quarter.

Consolidated Tangible Net Worth. Permit the Consolidated Tangible Net Worth, Worth of the Consolidated Group as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 254,017,212.77 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances aggregate proceeds received by the Consolidated Parties Group (net of reasonable related fees and expenses and net of any redemption of shares, units or other ownership interest in the Consolidated Group during such period) in connection with any offering of stock or other equity after June 30, 20172019.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five 824,392,000 plus seventy percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) plus (ii) seventy-five percent (7570%) of the Net Proceeds of all Equity Issuances aggregate net proceeds received by the Consolidated Parties Company or the Trust (net of reasonable related fees and expenses and net of any redemption of shares, units or other ownership interests in the Company or the Trust during such period) in connection with any offering of stock or other equity after June September 30, 20172021.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any each fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 1,144,241,000 plus (ii) seventy-five an amount equal to seventy percent (7570%) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Consolidated Parties Company after June 30, 2017the date of the most recent financial statements of the Company that are publicly available as of the Closing Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any each fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 900,000,000 plus (ii) seventy-five an amount equal to seventy percent (7570%) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Consolidated Parties Company after June 30, 2017the Closing Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as of the last day of any fiscal quarter commencing with the Initial Compliance Datequarter, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 580,000,000 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances by the Consolidated Parties after June 30, 2017the Closing Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 2,064,586 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances aggregate proceeds received by the Consolidated Parties Borrower or the Trust (net of reasonable related fees and expenses) in connection with any offering of stock or other equity after June 30, 2017the Original Closing Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five 642,649,000 plus seventy percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) plus (ii) seventy-five percent (7570%) of the Net Proceeds of all Equity Issuances aggregate proceeds received by the Consolidated Parties Borrower or the Trust (net of reasonable related fees and expenses and net of any redemption of shares, units or other ownership interests in Borrower or the Trust during such period) in connection with any offering of stock or other equity after June September 30, 20172018.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 407,831,036 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances aggregate proceeds received by the Consolidated Parties Borrower or the Trust (net of reasonable related fees and expenses and net of any redemption of shares, units or other ownership interest in the Borrower or Trust during such period) in connection with any offering of stock or other equity after June September 30, 20172015.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, Worth as of the last day of any each fiscal quarter commencing with the Initial Compliance Date, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) [70% of Consolidated Tangible Net Worth as of June 30, 2017) the date of the most recent financial statements of the Company that are publicly available as of the Closing Date] plus (ii) seventy-five an amount equal to seventy percent (7570%) of the Net Proceeds of all Equity Issuances net equity proceeds received by the Consolidated Parties Company after June 30, 2017the date of the most recent financial statements of the Company that are publicly available as of the Closing Date.

Consolidated Tangible Net Worth. Permit Consolidated Tangible Net Worth, as of the last day of any fiscal quarter commencing with the Initial Compliance Datequarter, to be less than the sum of (i) $1,400,772,000 (which amount is seventy-five percent (75%) of Consolidated Tangible Net Worth as of June 30, 2017) 1,000,000,000 plus (ii) seventy-five percent (75%) of the Net Proceeds of all Equity Issuances by the Consolidated Parties after June 30, 2017the Closing Date.